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    1909 Main St Shelbyville, TN 37160
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    Property profile & analytics

    1909 Main St Shelbyville, TN 37160

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    • Commercial real estate
    • 0.18 lot acres
    Off-Market
    Property ID
    US80-0813521
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1909 Main St

    Lot size
    0.18 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.18-acre commercial lot is ideally situated at 1909 N Main St, Shelbyville, Tennessee, zip code 37160. Currently priced at $299,900, this property presents a unique opportunity for developers and investors seeking a cleared, open lot ready for immediate development. Located in Bedford County, the lot boasts a highly desirable commercial location on North Main Street, offering excellent visibility and accessibility. The property is completely cleared, eliminating the need for costly site preparation. Its convenient location within Shelbyville provides easy access to major transportation routes and a thriving local economy. The absence of existing structures on the site allows for complete design flexibility, enabling the construction of a building tailored to specific business needs. This is a rare chance to acquire a prime commercial lot in a high-traffic area of Shelbyville, making it an attractive investment for various commercial ventures. The property's size and location make it suitable for a wide range of commercial developments, from retail spaces to office buildings. This is a turnkey opportunity to establish a strong commercial presence in a growing Tennessee market. The latitude and longitude coordinates are 35.515127, -86.4559491 respectively. This property is zoned for commercial use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Bedford
    State
    Tennessee
    Longitude
    -86.4559491
    Latitude
    35.515127

    Comparable in this City

    • $389,000

      Land with Road Frontage

      Land tract featuring road frontage, barn, utilities, and development potential.
      7 Old Nashville Dirt Rd, Shelbyville, TN 37160
      View Details
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      Opportunity Zone Land For Sale

      18.73 acres in Opportunity Zone with road frontage.
      Tn-437 & Fairfield Pike, Shelbyville, TN 37160
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    • $4,800,000

      Development Opportunity: 147 Acres

      147-acre development opportunity in a fast-growing community.
      332 Coble Rd, Shelbyville, TN 37160
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      1,470 SF

      Commercial Land in High-Traffic Area

      One acre commercial property with high visibility and traffic count.
      1107 N Main St, Shelbyville, TN 37160
      View Details
    • $189,000
      29,185 SF

      Commercial Lot For Sale

      Commercial lot available, all utilities to site.
      605 S Wall St, Shelbyville, TN 37160
      View Details
    • $1,500,000
      1.00 Acre

      Prime Shelbyville Commercial Land

      1 Acre C2 Zoned Lot, High Traffic
      1107 Main St, Shelbyville, TN 37160
      View Details

    Similar Nearby for Sale

    • $389,000

      Land with Road Frontage

      Land tract featuring road frontage, barn, utilities, and development potential.
      7 Old Nashville Dirt Rd, Shelbyville, TN 37160
      View Details
    • Contact for pricing

      Opportunity Zone Land For Sale

      18.73 acres in Opportunity Zone with road frontage.
      Tn-437 & Fairfield Pike, Shelbyville, TN 37160
      View Details
    • $189,000
      29,185 SF

      Commercial Lot For Sale

      Commercial lot available, all utilities to site.
      605 S Wall St, Shelbyville, TN 37160
      View Details
    • $4,800,000

      Development Opportunity: 147 Acres

      147-acre development opportunity in a fast-growing community.
      332 Coble Rd, Shelbyville, TN 37160
      View Details
    • Contact for pricing
      1,470 SF

      Commercial Land in High-Traffic Area

      One acre commercial property with high visibility and traffic count.
      1107 N Main St, Shelbyville, TN 37160
      View Details
    • $1,500,000
      1.00 Acre

      Prime Shelbyville Commercial Land

      1 Acre C2 Zoned Lot, High Traffic
      1107 Main St, Shelbyville, TN 37160
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Building with Cleanroom Facility

      58,088 SF industrial building with cleanroom-ready facility for lease.
      710 Blue Ribbon Pkwy, Shelbyville, TN 37160
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    • Contact for pricing

      Retail Center in Shelbyville, TN

      Retail center available for rent in Shelbyville, Tennessee.
      1020 N Main St, Shelbyville, TN 37160
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space Anchored by Walmart

      Retail space for lease, anchored by Walmart Supercenter.
      1830-1878 N Main St, Shelbyville, TN 37160
      View Details
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    Shelbyville, TN 37160
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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